Brave Asset Management Inc. Reduces Stake in ProShares UltraPro Short QQQ $SQQQ

Brave Asset Management Inc. lessened its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 62.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,276 shares of the company’s stock after selling 8,664 shares during the quarter. Brave Asset Management Inc.’s holdings in ProShares UltraPro Short QQQ were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of ProShares UltraPro Short QQQ by 804.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company’s stock valued at $2,816,000 after acquiring an additional 164,440 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth $63,000. Cantor Fitzgerald L. P. raised its holdings in shares of ProShares UltraPro Short QQQ by 38.3% during the third quarter. Cantor Fitzgerald L. P. now owns 61,142 shares of the company’s stock worth $931,000 after purchasing an additional 16,944 shares during the last quarter. Chelsea Counsel Co. acquired a new position in ProShares UltraPro Short QQQ during the third quarter valued at $631,000. Finally, Maxi Investments CY Ltd acquired a new position in ProShares UltraPro Short QQQ during the third quarter valued at $1,980,000.

ProShares UltraPro Short QQQ Stock Up 5.7%

NASDAQ:SQQQ opened at $80.25 on Monday. The firm’s fifty day moving average is $69.94 and its two-hundred day moving average is $71.57. ProShares UltraPro Short QQQ has a one year low of $61.72 and a one year high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $1.5055 dividend. The ex-dividend date was Wednesday, December 24th. This is a positive change from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 dividend on an annualized basis and a dividend yield of 7.5%.

About ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.